Economics and politics - comment and analysis

The ECB’s interest rate hike is a grandiose mistake

5. February 2023 I Economic Policy, Europe, Forecasts

The ECB’s decision on 2 February to raise interest rates again by 0.5 percentage points and to announce an equally large increase for March will go down in history as a grand misjudgement. Although it is already foreseeable that the price development in Germany and Europe will quickly approach normal values in the course of this year, …

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Globalisation à la carte?

(first published in German in “Freitag”, 20 January)
Globalisation has become the talk of the town. People no longer want to be so dependent, many say. In future, one cannot simply rely on the efficiency gains of globalisation, say others. It must be possible to produce all important products at home, …

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